Nvidia board hires Wachtell Lipton to investigate CEO Jensen Huang
The gist
Nvidia's independent directors hired Wachtell, Lipton, Rosen & Katz to investigate CEO Jensen Huang, and shares fell 6%.
The probe follows his admitted affair with an executive reported to be suspected of Chinese intelligence ties.
How it unfolded
- Nov 9, 2026Law360 Pulse reports Wachtell Lipton's Matthew Guest helped Comerica past an activist challenge to complete its $10.9 billion merger with Fifth Third and guided Webster Financial through a $12.3 billion sale.
- Nov 10, 2026Nvidia's board says it has hired Wachtell, Lipton, Rosen & Katz to investigate CEO Jensen Huang and whether company secrets or national security was compromised.
- Nov 10, 2026The board retains Wachtell's Joon H. Kim, former acting U.S. Attorney of the Southern District of New York, to conduct a thorough and independent investigation.
Key terms
- independent directors
- A board member with no material financial relationship with the company beyond sitting fees, expected to judge company affairs independently.
- activist challenge
- A campaign in which shareholders use their equity stakes to pressure a company's management.
- U.S. Attorney
- Chief federal law enforcement officer and prosecutor representing the U.S. government in one of the 94 federal judicial districts.
Source: Wikipedia